Sierra Bancorp (NASDAQ:BSRR) Director Laurence S. Dutto acquired 500 shares of the stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $26.86 per share, with a total value of $13,430.00. Following the transaction, the director now directly owns 3,070 shares of the company’s stock, valued at $82,460.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Sierra Bancorp (NASDAQ:BSRR) traded up $0.19 during trading on Friday, reaching $28.29. 59,589 shares of the company were exchanged, compared to its average volume of 22,406. The company has a market capitalization of $428.10, a P/E ratio of 20.80, a P/E/G ratio of 1.77 and a beta of 0.78. Sierra Bancorp has a 1-year low of $23.10 and a 1-year high of $28.87. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.
Sierra Bancorp (NASDAQ:BSRR) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $27.91 million during the quarter, compared to the consensus estimate of $26.90 million. Sierra Bancorp had a net margin of 19.02% and a return on equity of 9.87%. analysts predict that Sierra Bancorp will post 1.98 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were given a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.64 dividend on an annualized basis and a yield of 2.26%. This is an increase from Sierra Bancorp’s previous quarterly dividend of $0.14. Sierra Bancorp’s dividend payout ratio (DPR) is 47.06%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position in shares of Sierra Bancorp by 90.4% in the 4th quarter. Millennium Management LLC now owns 158,681 shares of the financial services provider’s stock valued at $4,215,000 after acquiring an additional 75,354 shares during the period. Vanguard Group Inc. grew its position in shares of Sierra Bancorp by 9.7% in the 2nd quarter. Vanguard Group Inc. now owns 499,960 shares of the financial services provider’s stock valued at $12,274,000 after acquiring an additional 44,242 shares during the period. Banc Funds Co. LLC grew its position in shares of Sierra Bancorp by 9.3% in the 4th quarter. Banc Funds Co. LLC now owns 486,746 shares of the financial services provider’s stock valued at $12,928,000 after acquiring an additional 41,434 shares during the period. Brown Advisory Inc. bought a new position in shares of Sierra Bancorp in the 3rd quarter valued at about $1,060,000. Finally, Context BH Capital Management LP grew its position in shares of Sierra Bancorp by 59.9% in the 4th quarter. Context BH Capital Management LP now owns 89,477 shares of the financial services provider’s stock valued at $2,377,000 after acquiring an additional 33,505 shares during the period. 52.05% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on BSRR shares. BidaskClub raised shares of Sierra Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 10th. FIG Partners began coverage on shares of Sierra Bancorp in a research report on Thursday, December 21st. They issued a “market-perform” rating and a $30.00 target price for the company. Zacks Investment Research downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. ValuEngine downgraded shares of Sierra Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Finally, Hovde Group raised shares of Sierra Bancorp from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Sierra Bancorp currently has an average rating of “Hold” and an average target price of $29.17.
Sierra Bancorp Company Profile
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.
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